SharePlanner (< 20)

Stocks To Short, If You So Dare

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I'm going to be completely honest, there's no way I'm shorting a single one of these stocks.

The reason isn't because I don't think the setups look great, it is because I don't trust this market enough to turn back down and go notably lower. There is a huge absence of significant negative news pieces out there that could hamper this market bounce that is currently under way.

However, if you are brave enough to short this market, then look no further then those stocks on this list. There's a few favorites worth shedding light on as well...

DaVita (DVA) has just confirmed a perfect double top pattern, and has about $8-10 of downside if this market reverses course. Lumber Liquidators (LL) also had a double top, and has bear flagged on the bounce with the 10, 20, and 50 day moving averages right on top of the pattern. Finally, Leggett & Platt (LEG) has a great looking inverse head and shoulders patter that has confirmed as well.

The IH&S comment was meant to be just an H&S pattern, which a simple look at the chart would say as much. There are such things as typos and we are all guilty of it from time to time.

And as for megashort - i have no problem that you hold that opinion. If you feel strongly about it, take the opposite side of all my trades. At the end of the day, it is less about the stock, and more about how you manage it.